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23 Oct 2019
Markets for You
Global Indices
Global Indices 22-Oct Prev_Day Abs. Change
% Change
#
Russell 3000 1,300 1,312 -12 -0.91
Nasdaq 8,104 8,163 -59 -0.72
FTSE 7,212 7,164 49 0.68
Nikkei Closed 22,549 NA NA
Hang Seng 26,786 26,726 61 0.23
Indian Indices 22-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,964 39,298 -335 -0.85
Nifty 50 11,588 11,662 -74 -0.63
Nifty 100 11,750 11,806 -56 -0.48
Nifty 500 9,448 9,479 -31 -0.33
Nifty Bank 29,411 29,120 291 1.00
S&P BSE Power 1,986 1,983 3 0.15
S&P BSE Small Cap 13,190 13,127 64 0.48
S&P BSE HC 12,832 12,635 197 1.56
Date P/E Div. Yield P/E Div. Yield
22-Oct 27.09 1.18 26.71 1.29
Month Ago 26.78 1.21 27.72 1.36
Year Ago 21.90 1.31 24.65 1.31
Nifty 50 Top 3 Gainers
Company 22-Oct Prev_Day
% Change
#
Dr.Reddy 2811 2725 3.15
ICICI Bank 451 438 3.05
BPCL 534 520 2.65
Nifty 50 Top 3 Losers Domestic News
Company 22-Oct Prev_Day
% Change
#
Infosys 644 768 -16.19
Tata Motors 132 137 -3.73
Bajaj Finserv Limited 8009 8266 -3.11
Advance Decline Ratio
BSE NSE
Advances 1238 912
Declines 1313 942
Unchanged 208 129
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 61262
MF Flows** 57860
*22
nd
Oct 2019; **18
th
Oct 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
3.99%
(Sep-19)
3.70%
(Sep-18)
IIP
-1.10%
(Aug-19)
4.80%
(Aug-18)
GDP
5.00%
(Jun-19)
8.00%
(Jun-18)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
23 October 2019
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI from
2010 to 2012
Indian Equity Market
Indices Performance
P/E Dividend Yield
Sensex
Nifty
4.50%
(May-19)
5.80%
(Mar-19)
Quarter Ago
Inflow/Outflow
334
108
3.18%
(Jun-19)
• Indian equity markets snapped their six-session gaining streak. Profit booking
after the rally and heavy losses in an information technology major led to the
losses. A whistleblowers group accused the company’s CEO of shoring up
profits through irregular accounting.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.85% and 0.63% to
close at 38,963.84 and 11,588.35, respectively. S&P BSE MidCap lost 0.09% and
S&P BSE SmallCap gained 0.48%.
• The overall market breadth on BSE was weak with 1,238 scrips advancing and
1,313 scrips declining. A total of 208 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Healthcare was the major gainer, up
1.56% followed by S&P BSE Consumer Durables, up 1.52% and S&P BSE
Bankex, up 1.05%. S&P BSE IT was the major loser, down 7.01%, followed by
S&P BSE Teck, down 6.35% and S&P BSE Telecom, down 2%.
• Media reports showed the government is considering putting curbs on some
imports from Turkey and Malaysia after these countries commented on the
autonomy of Kashmir. The government is exploring the possibility of both
tariff and non-tariff measures to limit import of goods from the two countries,
such as stringent quality tests and a safeguard tax in addition to existing levies.
• The government will soon give a designated person to those looking to invest
$500 million or more in the country. The person will facilitate all clearances
right from the centre to local bodies. Officials from state governments and
central ministries will converge in one place to address investor queries and
increase flows.
• The Department for Promotion of Industry and Internal Trade (DPIIT) is
planning to set up a single window system to guide foreign investors keen to
invest in India, media reports showed. The single-window system could have
representatives from both the Centre and state governments. The system will
help in attaining all relevant approvals and clearances needed by foreign
investors.
• Kotak Mahindra Bank’s second quarter FY20 net profit increased 51% to Rs.
1,724 crore from Rs. 1,142 crore in Q2 FY19. Net interest income for Q2FY20
increased to Rs. 3,350 crore from Rs. 2,676 crore in Q2FY19, up 25%. Net
interest margin, which is a key indicator of a bank's profitability, rose 4.61%
from 4.19% last year.
• Media reports showed an anonymous whistleblower group has accused
Infosys management of taking “unethical" steps to boost short-term revenue
and profits. In response, Infosys said in a statement that “the whistleblower
complaint has been placed before the Audit Committee as per the company’s
practice and will be dealt with in accordance with the company’s
whistleblowers policy."
• Bajaj Finance’s net profit increased 63% in the quarter ended Sep 30, 2019.
Gross NPA and net NPA remained stable at 1.61% and 0.65%. Adjusted for
IL&FS exposure, GNPA and NNPA stood at 1.44% and 0.52%. Bajaj Finance said
new customer acquisition momentum was at 1.92 million. Total customer
franchise stood at 38.70 million, a growth of 29% YoY.
• Asian equity markets gained on the U.S. President’s comments that
negotiations over an initial trade agreement with China are progressing and
that the first phase will be signed in Nov 2019. Today (as of Oct 23), Asian
markets were down as overnight Brexit happenings meant the deadline for
the U.K. to exit the European Union will most likely get postponed again. Both
Nikkei and Hang Seng were trading down 0.09% and 0.60%, respectively (as at
8.a.m. IST).
• European markets were a tad higher as investors kept their eyes on Brexit
developments and corporate earnings. U.K. lawmakers debated Prime
Minister’s EU Withdrawal Agreement Bill ahead of two crucial votes in the
parliament.
• U.S. markets traded lower on disappointing earnings by a few major
companies across sectors. This led to worries over the health of the economy.
Markets for You
FII Derivative Trade Statistics
22-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 3222.72 3782.63 11896.88
Index Options 136609.42 136985.93 59690.65
Stock Futures 14129.29 13473.47 92664.79
Stock Options 7352.83 7295.72 5614.71
Total 161314.26 161537.75 169867.03
22-Oct Prev_Day
Change
Put Call Ratio (OI) 1.20 1.44 -0.23
Put Call Ratio(Vol) 0.98 0.92 0.06
22-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 5.10% 5.05% 5.37% 6.54%
T-Repo 4.96% 4.60% 5.36% NA
Repo 5.15% 5.15% 5.40% 6.50%
Reverse Repo 4.90% 4.90% 5.15% 6.25%
91 Day T-Bill 5.06% 5.08% 5.30% 6.93%
364 Day T-Bill 5.28% 5.34% 5.55% 7.46%
10 Year Gilt 6.71% 6.67% 6.79% 7.93%
G-Sec Vol. (Rs.Cr) 16045 34075 82191 19083
FBIL MIBOR* 5.25% 5.20% 5.45% 6.60%
3 Month CP Rate 5.80% 5.90% 5.70% 7.90%
5 Year Corp Bond 7.53% 7.50% 7.68% 8.84%
1 Month CD Rate 4.94% 4.87% 5.44% 7.11%
3 Month CD Rate 5.67% 5.53% 5.43% 8.23%
1 Year CD Rate 5.86% 6.15% 6.35% 8.38%
Currency 22-Oct Prev_Day
Change
USD/INR 70.87 71.20 -0.33
GBP/INR 91.96 91.52 0.44
EURO/INR 79.06 79.19 -0.12
JPY/INR 0.65 0.66 0.00
Commodity 22-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
54.16 52.76 57.87 69.20
Brent Crude($/bl) 61.34 59.73 66.12 81.34
Gold( $/oz) 1488 1481 1517 1222
Gold(Rs./10 gm) 38173 38534 37390 31607
Source: Thomson Reuters Eikon *As on previous trading day
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Indian Debt Market
Currency Market Update
Commodity Market Update
International News
23 October 2019
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty Oct 2019 Futures stood at 11,624.35, a premium of 36.00 points above
the spot closing of 11,588.35. The turnover on NSE’s Futures and Options
segment rose to Rs. 10,27,370.49 crore on October 22, 2019, compared with
Rs. 7,45,110.04 crore on October 18, 2019.
• The Put-Call ratio stood at 0.91 compared with the previous session’s close of
0.81.
• The Nifty Put-Call ratio stood at 1.2 compared with the previous session’s
close of 1.44.
• Open interest on Nifty Futures stood at 16.72 million, compared with the
previous session’s close of 15.3 million.
• Bond yields rose on concerns over a fiscal slippage which dampened investors’
sentiment. In addition, rise in supply on account of the new 10-year bond in the
switch auction encouraged selling among investors.
• Yield on the 10-year benchmark paper (7.26% GS 2029) rose 1 bps to 6.71%
compared with the previous close of 6.70% after trading in a range of 6.70% to
6.72%.
• Banks borrowings under the repo window of the Liquidity Adjustment Facility
(LAF) stood at Rs. 3,872 crore (gross) on Oct 22, 2019 compared with
borrowings of Rs. 3,832 crore (gross) on Oct 18, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 12,644 crore on
Oct 18, 2019.
• Banks borrowed Rs. 4,975 crore under the central bank’s Marginal Standing
Facility on Oct 18, 2019 compared with borrowings of Rs. 5,275 crore on Oct
17, 2019.
• The Indian rupee rose against the greenback as the investor risk sentiment
improved amid signs of progress in the U.S.-China trade talks.
• Euro fell against the greenback after UK lawmakers rejected the
government's proposed Brexit timetable. However, further losses were
restricted as market participants were of the view that there was a low
possibility of a no-deal exit from the European Union.
• Gold prices rose ahead of a crucial vote by British lawmakers on the Brexit
withdrawal agreement.
• Brent crude prices rose amid reports that that OPEC and its allies would
consider deeper production cuts when they meet in Dec 2019 also contributed
to the upside.
• A National Association of Realtors report showed existing home sales pulled
back by much more than anticipated in Sep 2019. NAR said existing home sales
plunged 2.2% to an annual rate of 5.38 million in Sep after jumping 1.5% to an
upwardly revised 5.50 million in Aug 2019.
• Survey results from the Confederation of British Industry showed U.K.
manufacturing output continued its downturn in three months to Oct 2019.
According to the Industrial Trends survey, the balance of output volume
decreased to -10 % from +1 % in Sep 2019.
• Data from the third quarter euro area bank lending survey from the European
Central Bank showed euro area banks slightly eased the credit standards for
loans to enterprises and those to households for house purchase in the third
quarter. Banks had expected them to remain broadly unchanged in the
previous survey.
Markets for You
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